{"id":327851,"date":"2026-10-27T11:07:24","date_gmt":"2026-10-27T05:37:24","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=327851"},"modified":"2026-10-27T11:07:24","modified_gmt":"2026-10-27T05:37:24","slug":"reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/","title":{"rendered":"Reliance Shares Performance Decoded: From Jio Platforms Opening to Allotment, Price Moves, Valuation, Quarterly Results and Key Levels"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Reliance shares performance since the Jio Platforms issue opened on 21 Oct 2026 has been flat: the stock closed at Rs 1,202 on 19 Oct, the session before the issue opened, and traded at Rs 1,192 at 10:57 AM on 27 Oct, down 0.8% (data provider). Over the same days the issue was subscribed 22.19 times, allotment was finalised and listing is due on 28 Oct, so the parent stock has not yet moved on the news.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Reliance shares performance has been range-bound at Rs 1,184.50 to Rs 1,209 on closing prices since the Jio Platforms issue opened, with a high of Rs 1,234.30 on the opening day and a low of Rs 1,163.10 on 23 Oct. The stock is about 26% below its 52-week high of Rs 1,611.80 and trades at about 18.5 times earnings against an industry level of about 15.2. The Jio Platforms issue is valued at about Rs 10.3 lakh crore at the upper price, equal to about 63% of Reliance&#8217;s market capitalisation, although Reliance does not own all of Jio (my calculation). This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n<p>Reliance shares performance is closely tied to the Jio Platforms story because the listing will put a market price on the telecom and digital business, which is a large part of the group&#8217;s value. The key question for investors in the parent is whether the listing adds value that the market has not already counted. The Jio Platforms listing is the main event, and the Reliance share price is the way most investors own it.<\/p>\n<p>This article follows the stock from the opening of the issue to allotment, sets out the price path, the quarterly numbers, the valuation and the technical levels, and lists what to watch around the 28 Oct listing. It uses no grey market figures. Reliance shares performance since 19 Oct is the benchmark used throughout. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Reliance_Shares_Performance_Day_by_Day_Opening_to_Allotment\" title=\"Reliance Shares Performance Day by Day: Opening to Allotment\">Reliance Shares Performance Day by Day: Opening to Allotment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#The_Jio_Platforms_Issue_From_Opening_to_Allotment\" title=\"The Jio Platforms Issue: From Opening to Allotment\">The Jio Platforms Issue: From Opening to Allotment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Quarterly_Numbers_Behind_Reliance_Shares_Performance\" title=\"Quarterly Numbers Behind Reliance Shares Performance\">Quarterly Numbers Behind Reliance Shares Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Valuation_and_Technical_Levels_for_Reliance_Shares_Performance\" title=\"Valuation and Technical Levels for Reliance Shares Performance\">Valuation and Technical Levels for Reliance Shares Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Grey_Market_Premium_and_Reliance_Shares_Performance\" title=\"Grey Market Premium and Reliance Shares Performance\">Grey Market Premium and Reliance Shares Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#What_to_Watch_Around_the_Listing_for_Reliance_Shares_Performance\" title=\"What to Watch Around the Listing for Reliance Shares Performance\">What to Watch Around the Listing for Reliance Shares Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Conclusion_Reliance_Shares_Performance_Has_Been_Flat_While_Jio_Takes_the_Spotlight\" title=\"Conclusion: Reliance Shares Performance Has Been Flat While Jio Takes the Spotlight\">Conclusion: Reliance Shares Performance Has Been Flat While Jio Takes the Spotlight<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#How_have_Reliance_shares_performed_since_the_Jio_Platforms_issue_opened\" title=\"How have Reliance shares performed since the Jio Platforms issue opened?\">How have Reliance shares performed since the Jio Platforms issue opened?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#When_is_the_Jio_Platforms_listing_and_how_will_Reliance_shares_react\" title=\"When is the Jio Platforms listing and how will Reliance shares react?\">When is the Jio Platforms listing and how will Reliance shares react?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#What_is_the_valuation_of_Reliance_shares\" title=\"What is the valuation of Reliance shares?\">What is the valuation of Reliance shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#How_big_is_the_Jio_Platforms_issue_compared_with_Reliance\" title=\"How big is the Jio Platforms issue compared with Reliance?\">How big is the Jio Platforms issue compared with Reliance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#What_were_Reliances_latest_quarterly_results\" title=\"What were Reliance&#8217;s latest quarterly results?\">What were Reliance&#8217;s latest quarterly results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#What_are_the_technical_levels_for_Reliance_shares\" title=\"What are the technical levels for Reliance shares?\">What are the technical levels for Reliance shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Was_there_a_quota_for_Reliance_shareholders_in_the_Jio_Platforms_issue\" title=\"Was there a quota for Reliance shareholders in the Jio Platforms issue?\">Was there a quota for Reliance shareholders in the Jio Platforms issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/reliance-shares-performance-decoded-from-jio-platforms-opening-to-allotment-price-moves-valuation-quarterly-results-and-key-levels\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Shares_Performance_Day_by_Day_Opening_to_Allotment\"><\/span><strong>Reliance Shares Performance Day by Day: Opening to Allotment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares performance: date<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Close (Rs)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Day&#8217;s range (Rs)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Platforms event<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mon 19 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,202.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,201 to 1,228.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor round on 19 Oct; the last close before the issue opened<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wed 21 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,209.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,199.30 to 1,234.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue opens; up 0.6% on the close of 19 Oct (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Thu 22 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,184.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,184.50 to 1,208<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bidding continues; down 2.0% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fri 23 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,190.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,163.10 to 1,201.90<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bidding closes<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mon 26 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,201.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,174.50 to 1,204.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Allotment date in some reports; up 1.0% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tue 27 Oct, 10:57 AM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,192.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,184 to 1,198<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio Platforms allotment finalised; down 0.8% from the previous close<\/td>\n<\/tr>\n<\/table>\n<p>The Reliance shares performance table shows no clear reaction. Reliance shares performance on 15 Oct, before the issue, was the strongest of the window, with a gain of about 3.4% (my calculation). The stock moved within a band of about 6% from low to high over the issue period (my calculation), the day&#8217;s range on 21 Oct was about 2.9% (my calculation), and the Rs 1,163.10 low on 23 Oct was the lowest point in the window apart from 13 Oct. The data series has no candle for 20 Oct. Volume peaked at 2.35 crore shares on 15 Oct, before the issue opened, and has been lower since. Reliance shares performance on 22 Oct was the weakest of the window.<\/p>\n<p style=\"margin-top:24px;\"><strong>Track Reliance shares performance and Jio Platforms updates on Univest<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Jio_Platforms_Issue_From_Opening_to_Allotment\"><\/span><strong>The Jio Platforms Issue: From Opening to Allotment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Platforms issue: item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 30,213 crore, an entirely fresh issue of 27 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,065 to Rs 1,119 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bidding dates<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21 to 23 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor round<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 8,110 crore from 212 anchor investors on 19 Oct, at Rs 1,119<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscription<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22.19 times overall; qualified institutional buyers 70.55 times; non-institutional 14 times; retail 2.72 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total demand<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Above Rs 7.4 lakh crore including the anchor book<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Use of proceeds<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 27,500 crore to repay borrowings of Reliance Jio Infocomm; the balance for general purposes<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Allotment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Basis of allotment reported as finalised on 27 Oct, with demat credit and refunds the same day<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wednesday, 28 Oct 2026, 10 AM, on the NSE and BSE<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Implied valuation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 10.3 lakh crore at the upper band<\/td>\n<\/tr>\n<\/table>\n<p>Reports differ on the quota for Reliance shareholders: one says Rs 2,500 crore and another says Rs 3,000 crore was reserved, and I could not confirm which is correct. I also did not retrieve the parent&#8217;s holding after the issue, so I cannot state how much of the Jio value belongs to Reliance shares. Check the offer document for both. The Jio Platforms listing and the Jio Platforms allotment are the two events that matter for Reliance shares performance, and Reliance shares performance after listing will depend on how the market values the stake.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track Reliance and set alerts for the Jio Platforms listing.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quarterly_Numbers_Behind_Reliance_Shares_Performance\"><\/span><strong>Quarterly Numbers Behind Reliance Shares Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares performance: quarter (Rs crore)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Revenue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">EBITDA<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Net profit<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Operating margin<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jun 2025<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,88,371<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">58,024<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30,681<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21.23%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sep 2025<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,88,030<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50,367<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,146<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">17.76%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dec 2025<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,98,743<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50,932<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,167<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">17.33%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mar 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3,29,737<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">48,588<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20,616<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.94%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jun 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3,46,807<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">54,067<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23,001<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.89%<\/td>\n<\/tr>\n<\/table>\n<p>Revenue in the June 2026 quarter was up 20.3% from a year earlier, while net profit was down 25.0% (my calculation). The operating margin has fallen from 21.23% to 15.89% over the five quarters, even after recovering from 14.94% in March. The data provider&#8217;s latest quarter is June 2026, and I did not find the Q2 FY27 results, so check the exchange filings. Reliance shares performance depends on a margin recovery.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Technical_Levels_for_Reliance_Shares_Performance\"><\/span><strong>Valuation and Technical Levels for Reliance Shares Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance shares performance: measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price at 10:57 AM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,192<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close Rs 1,201.80<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">18.45<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry level 15.22<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value Rs 668.04 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.94%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Modest<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.44<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Data provider<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.50%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Small<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 16.27 lakh crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Data provider<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">43.04<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Neutral to weak<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day EMA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,192.97<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price is at the average<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend (10, 3)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy; lower band Rs 1,134.72, upper band Rs 1,230.75<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trend support is about 4.8% below the price (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,152.20 to Rs 1,611.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 26% below the high (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>Reliance shares performance has left the stock at a small premium to the industry P\/E, with a return on equity of 8.94%. The Reliance share price sits on its 20-day average and above the SuperTrend lower band of Rs 1,134.72, so the short-term trend is neutral to mildly positive. For Reliance shares performance, the upper band of Rs 1,230.75 is close to the opening-day high of Rs 1,234.30, which makes that zone a reference point. These are trend readings and not targets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grey_Market_Premium_and_Reliance_Shares_Performance\"><\/span><strong>Grey Market Premium and Reliance Shares Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<p>Instead of grey market figures, use the subscription data, the issue terms and the price of the parent stock to judge Reliance shares performance. The listing price will be set by the exchange, and Reliance shares performance on the day may differ from the first trade in Jio Platforms.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Around_the_Listing_for_Reliance_Shares_Performance\"><\/span><strong>What to Watch Around the Listing for Reliance Shares Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>The Jio Platforms listing at 10 AM.<\/strong> A strong debut could lift Reliance shares performance, and a weak one could do the opposite.<\/li>\n<li><strong>The size of the stake.<\/strong> Check how much of the Jio value belongs to Reliance after the issue, since it drives Reliance shares performance.<\/li>\n<li><strong>Debt reduction.<\/strong> The Rs 27,500 crore debt repayment of Reliance Jio Infocomm borrowings may improve the group&#8217;s balance sheet.<\/li>\n<li><strong>Q2 results.<\/strong> I did not find the Q2 FY27 numbers, and the margin trend is the main item for Reliance shares performance.<\/li>\n<li><strong>Market mood.<\/strong> The Fed decision on Wednesday and oil near $115 can move the whole market and Reliance shares performance on listing day.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Reliance_Shares_Performance_Has_Been_Flat_While_Jio_Takes_the_Spotlight\"><\/span><strong>Conclusion: Reliance Shares Performance Has Been Flat While Jio Takes the Spotlight<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Reliance shares performance has been flat from the opening of the Jio Platforms issue to allotment, with the stock near Rs 1,192 against a Rs 1,202 close before the issue. The subscription of 22.19 times and the Rs 10.3 lakh crore valuation put the spotlight on the 28 Oct listing, but the parent stock trades about 26% below its high with margins lower than a year ago. Reliance shares performance should be reassessed after the listing, and the Reliance share price will react to the listing and the Fed. Check the filings and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_have_Reliance_shares_performed_since_the_Jio_Platforms_issue_opened\"><\/span><strong>How have Reliance shares performed since the Jio Platforms issue opened?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reliance closed at Rs 1,202 on 19 Oct, Rs 1,209 on 21 Oct when the issue opened, Rs 1,184.50 on 22 Oct, Rs 1,190 on 23 Oct and Rs 1,201.80 on 26 Oct, and traded at Rs 1,192 at 10:57 AM on 27 Oct. That is a change of about minus 0.8% from the 19 Oct close (my calculation). Reliance shares performance has been range-bound.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_is_the_Jio_Platforms_listing_and_how_will_Reliance_shares_react\"><\/span><strong>When is the Jio Platforms listing and how will Reliance shares react?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The listing is due at 10 AM on Wednesday, 28 Oct 2026 on the NSE and BSE. No one can know how Reliance shares performance will look after the listing, and the parent has not moved much so far. The listing price will be set by the exchange.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_valuation_of_Reliance_shares\"><\/span><strong>What is the valuation of Reliance shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data provider shows a P\/E of 18.45 against an industry level of 15.22, a price to book of 1.80 and a return on equity of 8.94%. The market capitalisation is about Rs 16.27 lakh crore. The stock is about 26% below its 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_big_is_the_Jio_Platforms_issue_compared_with_Reliance\"><\/span><strong>How big is the Jio Platforms issue compared with Reliance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue raised Rs 30,213 crore at an implied valuation of about Rs 10.3 lakh crore at the upper band, about 63% of Reliance&#8217;s market capitalisation (my calculation). Reliance does not own all of Jio, and I did not retrieve its post-issue stake. The comparison is therefore only a guide to scale.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Reliances_latest_quarterly_results\"><\/span><strong>What were Reliance&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data provider shows June 2026 quarter revenue of Rs 3,46,807 crore, up 20.3% from a year earlier, and net profit of Rs 23,001 crore, down 25.0% (my calculation). The operating margin was 15.89% against 21.23% a year earlier. I did not find the Q2 FY27 results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_technical_levels_for_Reliance_shares\"><\/span><strong>What are the technical levels for Reliance shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Daily readings show an RSI of 43.04, a 20-day average of Rs 1,192.97 and a SuperTrend buy signal with a lower band of Rs 1,134.72 and an upper band of Rs 1,230.75. The 52-week range is Rs 1,152.20 to Rs 1,611.80. These describe trend and are not targets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Was_there_a_quota_for_Reliance_shareholders_in_the_Jio_Platforms_issue\"><\/span><strong>Was there a quota for Reliance shareholders in the Jio Platforms issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports differ: one mentions a Rs 2,500 crore quota and another says Rs 3,000 crore was reserved. I could not confirm the exact figure, so check the offer document. The Jio Platforms allotment was by the exchange process, and many applicants did not receive shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How have Reliance shares performed since the Jio Platforms issue opened?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reliance closed at Rs 1,202 on 19 Oct, Rs 1,209 on 21 Oct when the issue opened, Rs 1,184.50 on 22 Oct, Rs 1,190 on 23 Oct and Rs 1,201.80 on 26 Oct, and traded at Rs 1,192 at 10:57 AM on 27 Oct. That is a change of about minus 0.8% from the 19 Oct close (my calculation). Reliance shares performance has been range-bound.\"}},{\"@type\":\"Question\",\"name\":\"When is the Jio Platforms listing and how will Reliance shares react?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The listing is due at 10 AM on Wednesday, 28 Oct 2026 on the NSE and BSE. No one can know how Reliance shares performance will look after the listing, and the parent has not moved much so far. The listing price will be set by the exchange.\"}},{\"@type\":\"Question\",\"name\":\"What is the valuation of Reliance shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data provider shows a P\/E of 18.45 against an industry level of 15.22, a price to book of 1.80 and a return on equity of 8.94%. The market capitalisation is about Rs 16.27 lakh crore. The stock is about 26% below its 52-week high.\"}},{\"@type\":\"Question\",\"name\":\"How big is the Jio Platforms issue compared with Reliance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue raised Rs 30,213 crore at an implied valuation of about Rs 10.3 lakh crore at the upper band, about 63% of Reliance's market capitalisation (my calculation). Reliance does not own all of Jio, and I did not retrieve its post-issue stake. The comparison is therefore only a guide to scale.\"}},{\"@type\":\"Question\",\"name\":\"What were Reliance's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data provider shows June 2026 quarter revenue of Rs 3,46,807 crore, up 20.3% from a year earlier, and net profit of Rs 23,001 crore, down 25.0% (my calculation). The operating margin was 15.89% against 21.23% a year earlier. I did not find the Q2 FY27 results.\"}},{\"@type\":\"Question\",\"name\":\"What are the technical levels for Reliance shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Daily readings show an RSI of 43.04, a 20-day average of Rs 1,192.97 and a SuperTrend buy signal with a lower band of Rs 1,134.72 and an upper band of Rs 1,230.75. The 52-week range is Rs 1,152.20 to Rs 1,611.80. These describe trend and are not targets.\"}},{\"@type\":\"Question\",\"name\":\"Was there a quota for Reliance shareholders in the Jio Platforms issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reports differ: one mentions a Rs 2,500 crore quota and another says Rs 3,000 crore was reserved. I could not confirm the exact figure, so check the offer document. The Jio Platforms allotment was by the exchange process, and many applicants did not receive shares.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reliance shares performance from the Jio Platforms opening on 21 Oct to allotment on 27 Oct 2026. See price moves, valuation, results, levels and what comes next.<\/p>\n","protected":false},"author":28,"featured_media":327848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[16459,16455,15718,15672,14575,16458,9672,16454,16457,16456],"class_list":["post-327851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jio-platforms-28-october","tag-jio-platforms-allotment","tag-jio-platforms-listing","tag-jio-platforms-subscription","tag-reliance-industries-stock","tag-reliance-quarterly-results","tag-reliance-share-price","tag-reliance-shares-performance","tag-reliance-valuation","tag-ril-share-price-today"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["327848"],"rank_math_title":["Reliance Shares Performance: Jio Platforms Opening to Allotment"],"rank_math_description":["Reliance shares performance from the Jio Platforms opening on 21 Oct to allotment on 27 Oct 2026. 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